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Prophecy & Sojitz Corp. Sign Cooperation Agreement to Jointly Market Ulaan Ovoo Coal to China

Vancouver, British Columbia, June 7, 2010: Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V:PCY, OTC: PRPCF, Frankfurt: 3P1) and Sojitz Corporation of Japan have entered into an exclusive agreement to jointly market thermal coal from Prophecy’s 208 million tonne Ulaan Ovoo coal deposit to buyers in China. The agreement also covers Japan and Korea, provided [...]

Prophecy Completes Transportation Study On Its Ulaan Ovoo Coal Project And Tenders For Trucking Contracts From Mine Site To Railroad Offload

Vancouver, British Columbia, June 4, 2010: Prophecy Resource Corp. (“Prophecy” or the “Company”) (TSX-V:PCY, OTC: PRPCF, Frankfurt: 1P2) reports that it has received an independent transportation Study for trucking of coal from its proposed Ulaan Ovoo mining operations to Mongolia’s Sukhbaatar Railroad Station (Trans-Mongolian Railway) to fulfill secured capacity to transport a minimum of 1.5 [...]

Prophecy Contracts Leighton For Q3 Coal Production At Ulaan Ovoo, Mongolia

VANCOUVER, B.C. – May 11, 2010, : Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 1P2) announced today that it has entered into a Mine Services Agreement with Leighton Asia Limited for the infrastructure establishment, equipment leasing, and mining operation at the Ulaan Ovoo coal deposit in northern Mongolia.
Ulaan Ovoo site establishment will commence in [...]

Shareholders Of Prophecy And Red Hill Approve Merger

Vancouver, British Columbia, April 12, 2010: Prophecy Resource Corp. (“Prophecy”) (TSX-V:PCY, OTC: PCYRF, Frankfurt: 3P1) and Red Hill Energy Inc. (“Red Hill”) (TSX-V:RH) – (-collectively, “the Companies” or “new Prophecy” ) announce that their respective shareholders have approved merging the Companies by way of a Plan of Arrangement. The votes were tabulated during [...]

Prophecy Initiates Deep IP Survey and Bulk Tonnage Metallurgical Testing at Lynn Lake Nickel Sulphide Project

VANCOUVER, B.C. – March 24, 2010, : Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 3P1) is pleased to report on the following field exploration and metallurgical testing operations currently in progress on its Lynn Lake Nickel Sulphide Project located in Manitoba, Canada.
The Lynn Lake mine was operated by Sherritt-Gordon from 1953 to 1976 and [...]

Prophecy Acquires 80% of Vanadium-Titanium-Iron Project in Ontario

Prophecy Resource Corp. (TSX.V: PCY; OTC: PCYRF; Frankfurt: 3P1) has entered into an agreement with Randsburg International Gold Corp. (TSX-V: RGZ) whereby Prophecy has been granted the option to earn a 80% interest in the Titan Vanadium-Titanium-Iron project located in Ontario, Canada.
The Titan project is located approximately 120 km east-northeast of Sudbury, straddling the boundary [...]

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